First Year Return on Investment (Sample based on 250 employee company) Manual Calculation of Time Sheets   Error Factor Costs     The American Payroll Association estimates that Industry experts estimate an error rate of 1-5% it takes between 5 to 10 minutes to manually compute Examples: posting errors, mathematical errors hours for one employee on a weekly pay period. and transposition errors     This includes payroll and supervisors time.         7 Minutes per employee   250 Number of employees   52 x Number of pay periods   40 x Average hours week/ee   260 Number min/ee/year   10000 Total number of hours per week 250 x Number of employees   52 x Number of weeks in a year 65000 Number if minutes lost per year 520000 Total number hours/year   60 60 Number of minutes/hour 0.005 x % error factor   1083.333333 Total annual hours to calculation 2600 Total annual hours to calculation $15.00 x Calculator's hourly rate $70.00 x Average hourly employee rate $16,250.00 Annual Cost of Manual Calculation $182,000.00 Total Error Factor Lost   Cost for Lost Time       American Payroll Association survey results say   incorrect reporting of hours, tardiness, long lunches, breaks  Total ROI       yield an average of 15 minutes per day.   Following are the total costs of the specified         elements of your manual system. These   7 Minutes per employee   costs are used to determine ROI & Payback 264 x Working days in a year     1848 Minutes lost per ee/year   $16,250.00 Cost of Manual Entry   60 60/ minutes per hour   $182,000.00 Cost of Errors   30.8 Number if minutes lost per year $539,000.00 Cost from Lost Time   250 x Number of employees       7700 Hours lost per year   $737,250.00 TOTAL SAVINGS WITH SYSTEM $70.00 x Average hourly rate     $539,000.00 Annual Cost of Unproductive Labor   Contact us to Receive a No-Obligation ROI Analysis